Air Canada bares pricing of private offering

lg-media-centre
Air Canada
Photo: Air Canada

(From Air Canada)

MONTRÉAL — Air Canada announced today the pricing of a private offering of two tranches of enhanced equipment trust certificates (the “Certificates”) denominated in Canadian dollars.

The two tranches of Certificates, which have been rated, have a combined aggregate face amount of approximately $301 million and a weighted average interest rate of 3.76 percent.

The private offering is comprised of Class A certificates and Class B certificates. The Class A certificates will have an interest rate of 3.67 percent per annum and the Class B certificates will have an interest rate of 4.19 percent per annum.

“This Canadian dollar private offering of Enhanced Equipment Trust Certificates has terms and conditions comparable to our U.S. dollar 2017-1 Series EETC transaction,” said Michael Rousseau, Executive Vice President and Chief Financial Officer.

“Our ability to conclude an EETC transaction in Canadian dollars is an important development for us as it represents new opportunities for future aircraft financings and contributes to lowering the overall cost of debt and risk profile of the company.” (Full Story Here)

Advertisements

Air Canada is Eco-Airline of the Year

Air Canada-Air Canada Named Eco-Airline of the Year in Air Trans
Air Canada named Eco-Airline of the Year in Air Transport World’s 2018 Annual Airline Industry Achievement Awards.
Photo: Air Canada

(From Air Canada)

MONTREAL — /CNW Telbec/ – Air Canada has been named the 2018 Eco-Airline of the Year by the respected airline industry publication Air Transport World in its 44th Annual Airline Industry Achievement Awards.

In recognizing Air Canada’s environmental accomplishments, ATW cited the carrier’s commitment to emissions reductions through supporting the development of alternative fuels and its numerous green programs and partnerships, including being the first airline in the world to voluntarily join the World Bank’s IMF Carbon Pricing Leadership Coalition.

Air Canada Named Eco-Airline of the Year in Air Transport World’s 2018 Annual Airline Industry Achievement Awards (CNW Group/Air Canada)

“Air Canada has made sustainability central to its decision-making and business processes, and this includes acting responsibly with respect to the environment. We are very pleased that ATW has recognized the effectiveness of our environmental programs, including our participation in the development and support of alternative fuels in Canada, and our efforts to contribute to healthier communities. We have made great strides, improving fuel efficiency by 40 per cent since 1990, and this award will further spur us on to the goals we have set for ourselves to continually improve our environmental performance,” said Calin Rovinescu, President and Chief Executive of Air Canada. (Full Story Here)

Air Canada Vacations unveils European destinations

lg-media-centre
Air Canada
Photo: Air Canada

MONTREAL (CNW Telbec) – Air Canada Vacations is proud to unveil its 2018 Europe Your Way Collection.

Featuring 122 vacation packages and 50 cruises, possibilities for short and long stays, additional guided tour options and a newly added destination of Croatia, the collection brings you closer than ever to creating your perfect vacation in Europe.

“It’s never too early to start planning your next European adventure. Europe is all about discovering vibrant cultures, cuisines, art and architecture through vacations that are tailored to each destination. Air Canada Vacations is pleased to provide more options, add-ons and partnerships that will bring customers flawless experiences no matter their travel style,” said Nino Montagnese, Managing Director at Air Canada Vacations.

The Collection focuses on vacations in Greece, Italy, Portugal, Spain, Ireland, Scotland, England, France, Iceland, Croatia, and Central Europe. In addition to providing vacation packages to Croatia, new routes to Porto, Lisbon, Dublin, Shannon and Bucharest will also be offered with service through Air Canada and Air Canada Rouge, giving travelers more possibilities to discover Europe.

Air Canada Vacations has also partnered with Trafalgar and Contiki to offer additional curated tours.

The exclusive partnership allows travelers to choose among 16 Trafalgar Guided Vacations which include insider experiences such as enjoying an authentic meal with the Calistri family at their borgo in Italy, or six Contiki Guided Trips designed exclusively for travelers aged 18 to 35 with many No Regrets experiences, such as a “Paris by night” sightseeing tour with champagne and escargot. (Full Story Here)

Delta and WestJet joint venture to offer more choices for transborder flying

(By Debbie Egerton, Delta Air Lines)

Delta Air Lines and WestJet have agreed to deepen their existing partnership by entering into a comprehensive transborder joint venture that will increase travel choices between the U.S. and Canada.

The airlines have entered into a preliminary memorandum of understanding regarding their intention to deepen their existing partnership to form a commercial joint venture arrangement, which will offer customers access to an extensive transborder route network, world-class airline products, enhanced frequent flyer benefits, shared airport facilities and amenities, and a more seamless travel experience.

550px-Location_North_America.svg
North America
Photo: Bosonic dressing

Highlights of the planned joint venture arrangement, subject to board approvals, execution of definitive agreements and applicable regulatory approvals, in the United States and Canada, include:

— Coordinated flight schedules for new nonstop flights to new destinations, expanded codesharing, and seamless and convenient connections on the airlines’ extensive networks in the U.S. and Canada.

— Enhanced frequent flyer benefits including reciprocal benefits for top-tier members of both airlines.

trivago

“With its strong brand and employee- and customer-centric culture, WestJet is the perfect partner for us in the U.S.-Canada transborder segment and together we will produce great results for our respective employees, customers and investors,” said Steve Sear, Delta’s President – International and Executive Vice President – Global Sales.

“We look forward to applying Delta’s experience building successful joint venture partnerships to this important segment of transborder travel, the second-largest international segment for U.S. travel.” (Full Story Here)

Air Canada is Americas’ Best Long Haul Airline

(By CNW Telbec)

MONTREAL, Canada — Air Canada today was named the Best Long Haul Airline in the Americas for 2018 by AirlineRatings.com, an airline safety and product rating agency that promotes excellence in the industry.

AirlineRatings.com gives Air Canada its top seven-star rating for both safety and product.

“Air Canada’s strategic focus has been on long-haul, international flying through our expanded global network and this recognition by the well-respected AirlineRatings.com is welcome affirmation of our success. The rating is based on a thorough evaluation of criteria that are priorities for Air Canada, including safety, fleet, onboard service and products, environmental stewardship, innovation and profitability,” said Benjamin Smith, President, Passenger Airlines at Air Canada.

800px-Air_Canada_Airbus_A321-200_C-GJWO
Air Canada Airbus A321 at Toronto Pearson International Airport
Photo: Brian Bukowski (https://commons.wikimedia.org)

“This ranking is also a recognition of the dedication of our 30,000 employees who work hard every day taking care of our customers, transporting them safely and comfortably to more than 200 destinations around the world,” he added.

Air Canada has received a number of awards recognizing its industry-leading products and services in 2017, financial strength and employee engagement.

This includes being named Best Airline in North America in the 2017 Skytrax World Airline Awards, marking the sixth time in eight years Air Canada has been recognized as the continent’s number one carrier. (Full Story Here)

Emirates marks 10 years in Canada

(By Emirates)

DUBAI, U.A.E. — Emirates, recognized this year as the Best Airline in the World in the inaugural TripAdvisor Travelers’ Choice Awards, is celebrating 10 years in Canada.

Since the inaugural flight in October 2007, Emirates has carried over 1.2 million passengers through its Toronto – Dubai route.

In Canada, Emirates’ established codeshare partnerships with WestJet and Alaska Airlines enable it to connect travelers from across its global network to more Canadian cities, and vice versa.

Hitting the 10 year milestone in Canada shows Emirates’ continued commitment to its operations in the country.

emirates
Emirates celebrates first 10 years in Toronto
Photo: Emirates

“We’re proud to be celebrating 10 years of operations in Canada,” says Hubert Frach, Divisional Senior Vice President, Commercial Operations West at Emirates.

“We started with a Boeing 777 aircraft flying three times a week. By June 2009, we had started operating with the Airbus A380 and increased our passenger capacity by 40 per cent across Canada, which illustrates the strong demand from customers and the market.”

Emirates’ three flights per week between Toronto and Dubai is the maximum permitted frequency in the Air Transport Agreement negotiated between Canada and the United Arab Emirates in 1999.

To date, Emirates’ entitlement and frequency of service remains unchanged, while trade between the two countries has increased significantly.

Since 2009 and the upgrade to the A380, passenger occupancy on Emirates’ Toronto service has been consistently full, averaging 90%, with demand outstripping supply.

The majority of Canadian passengers are traveling to Dubai, the Middle East and the South Asia subcontinent, with leisure traffic to the Maldives and Mauritius.

Emirates is currently the only airline operating the A380 out of Toronto and takes great pride in providing best-in-class service for both business and leisure passengers.

In Canada, with stopovers permitted on all Emirates fares and great travel packages, Dubai continues to be a prime holiday destination. (Full Story Here)